U.S. Crypto Market Surges on Pro-Crypto Laws; Bitcoin Hits $123,000 All-Time High
The U.S. digital asset market is experiencing a surge driven by the passage of pro-crypto legislation in July 2025, which has reshaped regulatory frameworks and investor confidence. The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) and the Clarity Act have introduced clarity on stablecoin requirements, mandated 1:1 reserve backing for payment stablecoins, and repealed SAB 121—a rule that previously barred banks from custodizing crypto assets. These measures, signed into law by President Trump, prioritize the Commodity Futures Trading Commission (CFTC) over the Federal Reserve in crypto oversight and eliminate ambiguity for institutional participants, fostering a more stable environment for market…
